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    223 Garfield Ave Monterey Park, CA 91754

    Sponsored
    For Sale
    $550,000

    Prime Medical Office, 1,479 SF, CA

    Property size:
    1,479 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 1,479-square-foot medical office building is ideally situated in Monterey Park, California, at 223 N Garfield Ave, zip code 91754. The property, built in 1986 and located within a C3 zoned area of Los Angeles County, is a fully built-out OBGYN office, perfect for an owner-user. The single-unit building is part of a larger complex and boasts five exam rooms, each equipped with a sink (four measuring 9'x10' and one 9'x13.5'). Additional features include a dedicated doctor's office, a lab, a spacious 15'x14' waiting room, a convenient bathroom, and a kitchen break room. The unit offers the advantage of dual entry/exit points for patient and staff convenience. Two reserved parking spaces are included. The property sits on a substantial 28,314-square-foot lot and is located on the second floor, unit #205. The asking price is $550,000, translating to $371.87 per square foot. Note that a monthly association fee of $1,380.95 applies. This turnkey medical office presents a rare opportunity for immediate occupancy and operation in a thriving location. The building is a three-story structure.

    Property Features for 223 Garfield Ave

    General Information

    Property type
    Medical offices
    Square Feet
    1,479 SF

    Building Details

    Year Built
    1986
    Stories
    3
    Units
    1

    HighLights

    • 1,479 SF fully built‑out medical office suite, ideal for an OBGYN practice.
    • Five exam rooms (four 9'x10', one 9'x13.5'), each with a sink.
    • Includes a doctor's office, lab, waiting room, bathroom, and break room.
    • Features dual entry/exit and two reserved parking spaces.
    • $1,380.95 monthly association fee.
    Property Profile Location Intelligence

    Current Use by Public Records

    You Safety Insurance Insurance Agency Ong Susan MD Doctor United Medical Imaging Doctor Health Care Pharmacy Doctor AP Law Offices Legal Services

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey Park
    County
    Los Angeles
    State
    California
    Longitude
    -118.12293662674
    Latitude
    34.064566449955

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 1,479 SF, CA
    Where is this medical office located?
    The property is located at 223 Garfield Ave Monterey Park, CA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 1,479 SF fully built-out medical office suite, ideal for an OBGYN practice.; Five exam rooms (four 9'x10', one 9'x13.5'), each with a sink.; Includes a doctor's office, lab, waiting room, bathroom, and break room.
    Request Owner's contact information
    223 Garfield Ave Monterey Park, CA 91754
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    Monterey Park, CA 91754
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 Garfield Ave Monterey Park, CA 91754
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